Question NW1518 to the Minister of Small Business Development
26 May 2023 - NW1518
Kruger, Mr HC to ask the Minister of Small Business Development
What (a) progress has been made in terms of establishing new Small Enterprise Finance Agency and Small Enterprise Development Agency branches and/or service points in rural communities since the implementation of her department’s strategy and (b) are her department's targets for further expansion in the coming years?”
Reply:
- The Small Enterprise Development Agency has adjudicated 78 and signed contracts with 52 access points during the 2022-23 financial year as shown below. The additional twenty-six (26) access points will be contracted during 2023/24 financial year.
Furthermore, since the beginning of the sixth administration, sefa has provided financial support as follows in the rural towns and villages of South Africa:
Township per Province and District
Rural per Province and District
a) The Small Enterprise Development Agency is working with municipalities through the DDM model to expand its co-location points working through Local Economic Development with the municipalities, this will expand its footprint in the rural communities.
Also, over the MTEF period, sefa plans to disburse as follows to rural towns and villages:
|
Measurement Indicator |
FY2023/24 |
FY2024/25 |
FY2025/26 |
|
Disbursements to township-based enterprises (R’000) |
R586 647 |
R645 312 |
R709 843 |
|
Disbursements to enterprises located in rural towns and villages (R’000) |
R938 636 |
R1 032 499 |
R1 135 749 |